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it could be very costly to people who hold murdoch paper. they might have to entice shareholders back in and that carries financial risks as well. reputational risks on both sides of the atlantic. legal processes in the uk and potential lawmakers getting more interested in the company in the u.s. ramping up the pressure, according to s&p. >> steve sedgewick helping us out for cnbc. thanks so much. now with the deadline to reach a deficit deal now exactly two weeks away, the rhetoric as you've witnessed heating up as lawmakers scramble to try to strike a deal. the house is expected to vote today on what it calls the cut, cap and balance plan. that's the republican-backed legislation that includes a constitutional amendment requiring a balanced budget. it's a measure that the white house has warned that president obama would veto and yesterday press secretary jay carney outlined the obama administration's exact objections. >> what we are witnessing here with this measure is classic washington posturing, kabuki theater. this is a measure that i
it could be very costly to people who hold murdoch paper. they might have to entice shareholders back in and that carries financial risks as well. reputational risks on both sides of the atlantic. legal processes in the uk and potential lawmakers getting more interested in the company in the u.s. ramping up the pressure, according to s&p. >> steve sedgewick helping us out for cnbc. thanks so much. now with the deadline to reach a deficit deal now exactly two weeks away, the rhetoric...
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for more on the fallout and future of murdoch's u.s. properties we want to get a check of business with steve sedgwick in london. the first question is, what will happen to rupert murdoch's companies in the u.s.? is anyone else in jeopardy right now, including his son? >> reporter: there are real question marks about where the buck stops. many people thought rebekah brooks, a close confidente of rupert murdoch, would be safe but she's the latest member of his empire to fall on her sword. real questions about u.s. titles and whether they'll be tainted as well. those titles include the fox cable network, "the wall street journal," which has a strong editorial representation, and of course dow jones news who i worked for at one stage in my career. a lot of questions about those titles and what kind of governance news corp. will look like going forward. lots of question marks about the independence of the news corp. board and whether we'll see moves on that front as rupert murdoch is forced to relinquish some power. >> the u.s. secretary of
for more on the fallout and future of murdoch's u.s. properties we want to get a check of business with steve sedgwick in london. the first question is, what will happen to rupert murdoch's companies in the u.s.? is anyone else in jeopardy right now, including his son? >> reporter: there are real question marks about where the buck stops. many people thought rebekah brooks, a close confidente of rupert murdoch, would be safe but she's the latest member of his empire to fall on her sword....
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rupert murdoch stepping down. and it's political drama because he's so influential in british politics. and american politics. counselor, he knows there's criminal investigations on both sides of the atlantic. rupert murdoch and his deputies need to be careful, don't they? >> think of how difficult it is for them. they have to do two almost entirely contradictory things in their testimony tomorrow. one is they have to acknowledge responsibility. they have to say that what is completely obvious is that this was not some aberration. this was not one person or ten people. it was apparently thousands of people who were hacked and the idea that they didn't know is preposterous. but they can't confess to crimes. practically everyone around them has been arrested already. rebekah brooks, rupert murdoch's protÉge in great britain, arrested yesterday. they have to acknowledge but not admit. frankly, i don't know if it's possible. >> matthew, a bizarre twist. the whistleblower, shaun hoare found dead. what do we know about
rupert murdoch stepping down. and it's political drama because he's so influential in british politics. and american politics. counselor, he knows there's criminal investigations on both sides of the atlantic. rupert murdoch and his deputies need to be careful, don't they? >> think of how difficult it is for them. they have to do two almost entirely contradictory things in their testimony tomorrow. one is they have to acknowledge responsibility. they have to say that what is completely...
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murdoch needed things from them. that never needed to be stated but everyone understood that that was hanging in the air and that's what this judicial inquiry has to get to the bottom of. >> i think murdoch's control of 37% of the britishress plus b sky b led to this conviction from tony blair to cameron that you had to have murdoch on your side. and, you know, when you're in britain you don't feel murdoch's running the show. i mean, you can read "the guardian," you can read t telegraph, you can read t daily expres you can read the f.t. but i just wonder but blair, i'm sure, would have won the election in 1997 without murdoch. it was the end of the toris just as it was the end of new labor in 2010. murdoch had his finger in the wind and he went with these guys but i don't myself bieve e elections uld have come out any differently withou so i think there was a kind of mythology that hadbuilt up. we have to have murdoch with us. and now it's the opposite. we have to trash him. >> rose: john burns, how much has been has
murdoch needed things from them. that never needed to be stated but everyone understood that that was hanging in the air and that's what this judicial inquiry has to get to the bottom of. >> i think murdoch's control of 37% of the britishress plus b sky b led to this conviction from tony blair to cameron that you had to have murdoch on your side. and, you know, when you're in britain you don't feel murdoch's running the show. i mean, you can read "the guardian," you can read t...
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if murdoch needs kerik to stay quiet, then he needs to find a way to get the word to bernie that murdoch can do more for him in whatever is left of his future than the fbi can. murdoch and his new york team know how weak bernie kerik is. if they have to count on him to keep their secrets, they must be very, very worried tonight. >> my choice ultimately was and is bernie kerik. bernie is a -- has been an exceptional commissioner of the department of corrections. he understands the job of being a police officer. most importantly, he understands the job of being a leader, and he brings a quality of leadership that i believe can give us the opportunity to build on a record that is a very, very difficult one to match. >>> it is tuesday in london, and rupert murdoch is now just hours away from testifying to the british parliament, and bloomberg news is now reporting that the news corp. board is considering elevating coo, chase carrie to ceo to succeed rupert murdoch if necessary. the outline of the murdoch media empire's pattern of criminal conduct expands as the phone hacking scandal just kee
if murdoch needs kerik to stay quiet, then he needs to find a way to get the word to bernie that murdoch can do more for him in whatever is left of his future than the fbi can. murdoch and his new york team know how weak bernie kerik is. if they have to count on him to keep their secrets, they must be very, very worried tonight. >> my choice ultimately was and is bernie kerik. bernie is a -- has been an exceptional commissioner of the department of corrections. he understands the job of...
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question "is murdoch's media empire nearing its end?" the fact that rebekah brooks, editor of "news of the world" has reportedly been arrested for corruption and some other crimes, how serious is this at this point? >> well, it's the most serious crisis that murdoch has ever faced, certainly, in his long career. there's no doubt about that. and i think at the middle of last week, it started to sink in for him. prior to that, people close to murdoch, david, tell me that he perhaps did not appreciate the depth of anger that was taking place in the uk, and perhaps for the first time in his long career, he wasn't out in front of something, wasn't able to dictate the pace of events. that changed the middle of the week. the beginning of last week, he had his arm around rebekah brooks. end of the week, she was gone, along with his longtime lieutenant, les hinton. of course, you asked about the fbi u.s. probe. will subpoenas be issued? you knows what will happen if that occurs, and what, if anything, is found in the u.s. will be key for him. the
question "is murdoch's media empire nearing its end?" the fact that rebekah brooks, editor of "news of the world" has reportedly been arrested for corruption and some other crimes, how serious is this at this point? >> well, it's the most serious crisis that murdoch has ever faced, certainly, in his long career. there's no doubt about that. and i think at the middle of last week, it started to sink in for him. prior to that, people close to murdoch, david, tell me that...
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murdoch and asked him about this? >> no, i haven't. >> are you confident knowing him -- >> i'll probably see him in the next couple of days or week. i see him all the time at various functions. >> are you confident enough in him? >> he's a competent, honorable man. this can't be something he'd have anything to do with. >> here's why giuliani is not muir dorsch's greatest character witness. number one, giuliani has been in murdoch's pocket for years. i've seen this up close working in new york politics, and i can tell you the new york republican relationship to murdoch is as ugly as you'd imagine it to be. you might expect giuliani to be a little more, i don't know, animated about the criminal exploitation of 9/11 victims. he is the biggest political exploiter of 9/11 we've ever seen. trying to base a hopeless and ridiculous presidential campaign on the simple fact that he was mayor of new york city during 9/11. the accusations that the fbi is now investigating involve hacking into phones of the families of 9/11 victim
murdoch and asked him about this? >> no, i haven't. >> are you confident knowing him -- >> i'll probably see him in the next couple of days or week. i see him all the time at various functions. >> are you confident enough in him? >> he's a competent, honorable man. this can't be something he'd have anything to do with. >> here's why giuliani is not muir dorsch's greatest character witness. number one, giuliani has been in murdoch's pocket for years. i've seen...
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murdoch is in for a rough day. >> in order! what is dodgey dave going to do the decent thing and resign? >> with a preview of what to expect from the hearings tomorrow and other possible shake-ups, i'm joined by felix gillet who is a writer for "newsweek." and he says he does not have concern about those attacking him, but should we expect them to come out with claws drawn? >> well, they are coming out with the phone hacking and what do you know about it and when did you know it and what about the payments to the police and in a larger sense, why are you still fit to own media properties in the uk? and part of the great drama here is that here is a guy who is famous for not apologizing to anybody, and here he is asked to go in front of the world and asked to apologize, and everyone here is going to see if he is constitutionally capable of doing it, and it is unclear if he is, and he has a pr team sitting there training him to be contrite and show remorse, but really remains to be seen tomorrow when he is actually grilled by the
murdoch is in for a rough day. >> in order! what is dodgey dave going to do the decent thing and resign? >> with a preview of what to expect from the hearings tomorrow and other possible shake-ups, i'm joined by felix gillet who is a writer for "newsweek." and he says he does not have concern about those attacking him, but should we expect them to come out with claws drawn? >> well, they are coming out with the phone hacking and what do you know about it and when did...
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james murdoch. can i also thank you for making yourself available to the committee this afternoon. >> we are more than prepared to talk to you. >> thank you. perhaps i might start with mr. james murdoch. you made a statement on the 7th of july in which you stated that the paper had made statements to parliament without being the part of the facts a and that was wrong. you said parliament was misled in has we had been told. can you tell us to what extent we were misled and when you became aware of that? >> mr. chairman thank you very much. first i would like to say as well just how sorry i am and how sorry we are to particularly the victims of illegal voicemail interceptions and to their family. it's a matter of grave regret of mine, my father's and everyone at news corporation and these are standards, these actions do not live up to the standards that our company aspires to everywhere around the world, and it is our determination to both put things right, make sure these things don't happen again, a
james murdoch. can i also thank you for making yourself available to the committee this afternoon. >> we are more than prepared to talk to you. >> thank you. perhaps i might start with mr. james murdoch. you made a statement on the 7th of july in which you stated that the paper had made statements to parliament without being the part of the facts a and that was wrong. you said parliament was misled in has we had been told. can you tell us to what extent we were misled and when you...
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if murdoch needs kerik to stay quiet, then he needs to find a way to get the word to bernie that murdoch can do more for him in whatever is left of his future than the fbi can. murdoch and his new york team know how weak bernie kerik is. if they have to count on him to keep their secrets, they must be very, very worried tonight. >> my choice ultimately was and is bernie kerik. bernie is a -- has been an exceptional commissioner of the department of corrections. he understands the job of being a police officer. most importantly, he understands the job of being a leader, and he brings a quality of leadership that i believe can give us the opportunity to build on a record that is a very, very difficult one to match. somewhere in america, there's a doctor who can peer into the future. there's a nurse who can access in an instant every patient's past. and because the whole hospital's working together, there's a family who can breathe easy, right now. somewhere in america, we've already answered some of the nation's toughest healthcare questions. and the over 60,000 people of siemens are ready
if murdoch needs kerik to stay quiet, then he needs to find a way to get the word to bernie that murdoch can do more for him in whatever is left of his future than the fbi can. murdoch and his new york team know how weak bernie kerik is. if they have to count on him to keep their secrets, they must be very, very worried tonight. >> my choice ultimately was and is bernie kerik. bernie is a -- has been an exceptional commissioner of the department of corrections. he understands the job of...
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i don't know when, i don't know how quickly, but rupert murdoch did ok like a spent force. james, i've heard quite divided responses on how h performed. if i re a shareholder, i wouldn't be too happy about him. i thought that -- that he was -- he seemed evasive and repetitive, which to be fair to him i think when he weing asked also repetiti questions, in that surroundingt wasn't very surprising, but he wasn't -- he dn't -- he didn't rely, i think, equate himlf thnough honor to assure the succession. so i'm rather thinking that this is the beginning of the end of an era. >> the judgment is still out on that. i think that it took about an hour for rupert murdoch, who really is a -- as we know a formidable figure -- to at least wake up or at least become engaged. i think heook some time to adjust to the fact that there he was, being pummeled, having questions asked of him. that's not the role he's accustomed of. he's normally chairman, in charge, asking the questions. so that was a little bit of a psychological shock. he did look detached, rd of hearing, sewhat vulnerableif y
i don't know when, i don't know how quickly, but rupert murdoch did ok like a spent force. james, i've heard quite divided responses on how h performed. if i re a shareholder, i wouldn't be too happy about him. i thought that -- that he was -- he seemed evasive and repetitive, which to be fair to him i think when he weing asked also repetiti questions, in that surroundingt wasn't very surprising, but he wasn't -- he dn't -- he didn't rely, i think, equate himlf thnough honor to assure the...
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rupert murdoch did not like david cameron. i've spent lots of time with murdoch mumbling about cameron, what a slickster he is. he liked gordon brown. rebekah brooks, however, likes david cameron, and she set out to convince rupert he ought to go with cameron. and one of the things here, she went to cameron and said you hire our guy, andy coulson. if you do that, i can help bring rupert around, and she succeeded. >> and he hired the prime minister, the candidate of prime minister, hired her, hired coulson, then ended up getting what, the respect or what? how would you describe how rupert responded to that deal? >> actually, rupert responded grudgingly. he still doesn't like david cameron, he liked gordon brown, but rebekah and his son james wanted this, this was their show, he was trying to be hands off, and plus he got a man in number 10 downing street, and that was a victory. >> tomorrow, you have the high case, this case is going before a parliamentary committee. you're going to have rupert murdoch, his son, james, stephani
rupert murdoch did not like david cameron. i've spent lots of time with murdoch mumbling about cameron, what a slickster he is. he liked gordon brown. rebekah brooks, however, likes david cameron, and she set out to convince rupert he ought to go with cameron. and one of the things here, she went to cameron and said you hire our guy, andy coulson. if you do that, i can help bring rupert around, and she succeeded. >> and he hired the prime minister, the candidate of prime minister, hired...
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will it bring the rupert murdoch empire down here in the u.s.? today we got part of the answer to that question when the scandal took out the publisher of the wall street journal. les hinton, for 12 years, les hinton was the chairman of news international, publishes "news of the world," the sun, and the sunday times. that means les hinton was in charge when "news of the world" allegedly hacked into 13-year-old milly dowler's cell phone, deleting voice mails and giving her family false hope she was alive. les hinton was in charge in 2005 when the "news of the world" apparently tried to hack the phones of the families of the 7/7 london transit bombings, les hinton was in charge when they hacked banking, legal files, and tax affairs. hinton was in charged when "news of the world" was charged of hacking into the phones of 9/11 victims, and until today les hinton was in charge of the wall street journal. he has, today, resigned. he feels it is proper to resign from news corp. the phone hacking scandal first broke five years ago when a private investig
will it bring the rupert murdoch empire down here in the u.s.? today we got part of the answer to that question when the scandal took out the publisher of the wall street journal. les hinton, for 12 years, les hinton was the chairman of news international, publishes "news of the world," the sun, and the sunday times. that means les hinton was in charge when "news of the world" allegedly hacked into 13-year-old milly dowler's cell phone, deleting voice mails and giving her...
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murdoch was unhurt. before that, rupert sought to distance himself from the news of the world thought to be one of his favorite titles. >> this is not an excuse. here's the one with less than 1% of our company and 53,000 people around the world. we have prior and great and unethical and distinguished people. >> one was sitting beside him. his son whose apparent lack of knowledge at times seemed almost comical. here questions about key documents that weren't initially handed over from news international's lawyers to the police >> the lying with them. >> i cannot speak to other individual's knowledge in the past. i can't. i simply can't speak for them. >> stewart? >> the same goes. i simply can't speak for them. >> critics call this stonewalli stonewalling. james murdoch was clear on one point. >> i would like to say how sorry i am and how sorry we are. to particularly the victims of illegal voice mail interceptions and their families >> at times they appeared overwhelmed or unsure how to answer or could s
murdoch was unhurt. before that, rupert sought to distance himself from the news of the world thought to be one of his favorite titles. >> this is not an excuse. here's the one with less than 1% of our company and 53,000 people around the world. we have prior and great and unethical and distinguished people. >> one was sitting beside him. his son whose apparent lack of knowledge at times seemed almost comical. here questions about key documents that weren't initially handed over...
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in other words, may be replacing james murdoch all together. i spoke to a member of the board this afternoon. he called those reports, quote, total crap. wolf? >> what about the british prime minister, david cameron? is he in any jeopardy now? >> when this scandal blew up a couple of weeks ago, most observers would say no, he's not but some observers are saying this is very embarrassing to him, lapping at the door of ten downing street. embarrassing because of his ties to that editor andy coulson and others. now not out of the question he could suffer at some other level. whether it takes him down or not, doubtful, but he could suffer politically. >> brought andy coulson into his government as director of communications. thanks very much for that. >>> meanwhile, the scandal has grown closer to rupert murdoch as brian reported with the arrest of his protege and deputy rebekah brooks. more on her meteoric rise and stunning fall. >> reporter: in the cozy world of british politics and media, rebekah brooks was at its very center. she wined and dine
in other words, may be replacing james murdoch all together. i spoke to a member of the board this afternoon. he called those reports, quote, total crap. wolf? >> what about the british prime minister, david cameron? is he in any jeopardy now? >> when this scandal blew up a couple of weeks ago, most observers would say no, he's not but some observers are saying this is very embarrassing to him, lapping at the door of ten downing street. embarrassing because of his ties to that...
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murdoch's british newspaper empire. you heard him deny any responsibility for the phone hacking. he's spent a fair bit of time painting himself as simply out of tuchlt listen. >> i can't answer. i don't know. >> i don't know. i was not aware at the time, but i don't have any memory. i don't know anything about that. i'm not sure what i said. i cannot swear to the accuracy of it. i just don't remember. >> joining me now, cnn's internationals richard quest, senior legal analyst jeffrey toobin and "vanity fair" contributing editor vickie ward. welcome to all of you. you all had very busy days, i know. richard, let me start with you. how do you think the murdochs did today? and i'll preface by saying if the stock price is any indication, the reaction seemed to be favorable. should we be reading into that? >> the murdochs did what they had to do in the sense of appeasing investors but not a great deal more than that. they still have not answered to the fundamental question, why was the culture allowed to take place at that n
murdoch's british newspaper empire. you heard him deny any responsibility for the phone hacking. he's spent a fair bit of time painting himself as simply out of tuchlt listen. >> i can't answer. i don't know. >> i don't know. i was not aware at the time, but i don't have any memory. i don't know anything about that. i'm not sure what i said. i cannot swear to the accuracy of it. i just don't remember. >> joining me now, cnn's internationals richard quest, senior legal analyst...
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. >> you hear all of the talk in the press about the murdoches, the murdoches, the murdoches. they don't run the company by themselves. there is a board. and at some point, they're going to tell the murdochs this type of dynasty did not work in egypt. it's not going to work in news corp. you're going to have to step down. and i suspect that you're going to see -- i agree with pat. i don't see how the murdoch family survives this. i don't see how the sons take over the empire. this keeps exploding oochlgt. >> -- exploding. >> a couple of things, the brand has been damaged irreparably already, whatever comes across the states here and the department of education continues, whatever, their brand has been damaged irreparably. the second thing is the independent directors of this country may have great affection for rupert murdoch and maybe even his family, his son and daughter who are in the line of succession. but there's a thing called market cap. when you're losing a quarter of your market capitalization in a few weeks because of this, the independent directors of this company
. >> you hear all of the talk in the press about the murdoches, the murdoches, the murdoches. they don't run the company by themselves. there is a board. and at some point, they're going to tell the murdochs this type of dynasty did not work in egypt. it's not going to work in news corp. you're going to have to step down. and i suspect that you're going to see -- i agree with pat. i don't see how the murdoch family survives this. i don't see how the sons take over the empire. this keeps...
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wendi murdoch comes to her husband's rescue. she spiked his face. >> pretty incredible. ♪ and use pre-defined screeners to work smarter. not harder. i depend on myself to take charge of my financial future. [ bell dinging ] the motorola expert from sprint. its powerful tools help you work faster and smarter so you can get back to playing "angry birds." it lets you access business forms on the go, fire off e-mails with the qwerty keypad, and work securely around the world so you can get back to playing "angry birds." it's the android-powered phone that mixes business with pleasure. so let's get our work done, america, so we can all get back to playing "angry birds." the motorola expert from sprint. trouble hearing on the phone? visit sprintrelay.com. our girl's an architect. our boy's a genius. we are awesome parents! biddly-boop. [ male announcer ] if you find a lower rate on a room you've booked, we won't just match it. we'll give you $50 towards your next trip. [ gnome ] it's go time. d of one touch.®you $50 towards your ne
wendi murdoch comes to her husband's rescue. she spiked his face. >> pretty incredible. ♪ and use pre-defined screeners to work smarter. not harder. i depend on myself to take charge of my financial future. [ bell dinging ] the motorola expert from sprint. its powerful tools help you work faster and smarter so you can get back to playing "angry birds." it lets you access business forms on the go, fire off e-mails with the qwerty keypad, and work securely around the world so...
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when rupert murdoch seemed sometimes confused, slow, and often in an almost touching way, james murdoch would try to intervene and supply information that his father didn't have. and the mps would say, no, we'd like to hear from rupert murdoch. the pie changed the whole dynamic of the day. >> very dramatic scenes. would you agree it was the pie that won it? >> no, i actually don't think i would agree. i think the pie incident will be seen for what it is, which was a disgraceful, appalling breach of parliamentary regulations and will be dealt with as such. and that fundamentally, people will turn back. the pie will be a side bar, and it may have made the headlines tomorrow, but the answers that were given by the murdochs in the hearings, will be what people will focus on in the longer term and don't forget one other crucial point. there are the police inquiries, the independent police commission, where you have this massive judicial inquiry that still has to get under way, along with further inquiries that will come from this committee. long and short, the pie might be the froth, if you
when rupert murdoch seemed sometimes confused, slow, and often in an almost touching way, james murdoch would try to intervene and supply information that his father didn't have. and the mps would say, no, we'd like to hear from rupert murdoch. the pie changed the whole dynamic of the day. >> very dramatic scenes. would you agree it was the pie that won it? >> no, i actually don't think i would agree. i think the pie incident will be seen for what it is, which was a disgraceful,...
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what i found fascinating is rupert murdoch spent a lot of his first testimony not being rupert murdoch and being contrite and as the afternoon wore on what you saw was the emergence of very much the 20th century media mogul got more gruff but maybe felt more honest. at one pointthe questioner said rupert murdoch i'm going turn to you since i don't seem to get far with james murdoch and he got more gruff. he steamed to respond in a differt way. james was every bit the picture of a 20th centu corporate polished ceo saying no matter the merit of the question that's a tremendous and terrific question and i appreciate the manner in which it's been asked and his preambles were enormous and the content of the answers were minimal and existing always flattering the questioner. what i liked was the contrast. murdoch was as he said, humbled and i think he was contrite. the measure of the contrition seed to go down toughout the day until we got the pie as some over the internet said that saved news corp. not sure that's right but it was astonishing. >> charlie: and james murdoch to be protective
what i found fascinating is rupert murdoch spent a lot of his first testimony not being rupert murdoch and being contrite and as the afternoon wore on what you saw was the emergence of very much the 20th century media mogul got more gruff but maybe felt more honest. at one pointthe questioner said rupert murdoch i'm going turn to you since i don't seem to get far with james murdoch and he got more gruff. he steamed to respond in a differt way. james was every bit the picture of a 20th centu...
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might he be the one in. >> for james murdoch? >> yes. >> i think james has clearly more attention to the details and the facts of this case, but he's been inalterably damaged by this scandal because he was the ceo of europe and asia when the largest elements of what you might call the cover-up of this case occurred, and he was seen as sort of the person who let this spiral out of control. whether or not he knew exactly what was happening, he was responsible for resisting for such a long time that anyone truly addressed this scandal. >> it seems like individual and institutional investors are comfortable with see rupert murdoch stay in this prime position, so should he not stay there? >> well, i think that the stock is still down over a two-year period, even though it came up a bit yesterday. >> but within the recent period, it's staying pretty consistent despite what has happened? >> i think we'll see what the judgment is overall when the facts have come out about this. you notice, i think investors, if they deem him fit and prop
might he be the one in. >> for james murdoch? >> yes. >> i think james has clearly more attention to the details and the facts of this case, but he's been inalterably damaged by this scandal because he was the ceo of europe and asia when the largest elements of what you might call the cover-up of this case occurred, and he was seen as sort of the person who let this spiral out of control. whether or not he knew exactly what was happening, he was responsible for resisting for...
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Jul 16, 2011
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, murdoch and brooks on tuesday? >> i can tell you today is not the end of the story, the resignation of rebecca brooks, and tuesday probably won't be either this is a story which will run for mons if not years with police investigations, judicial inquiries, lawsuits and any number of other threats still piling up against the compan but it's a significant day. i think over the last two weeks we've seen a series of attempts by rupert murdoch and his closest counselors to take the pressure off, since the allegations first exploded that the news of the world had authorized the accessing of the- - missing teenager who turned out to be rdered mile dowler. in is exploded in the public mind in britain and has spread around the world affecting even u.s. investors perceptions of the wider pire which goes so much widethan these british newspapers. through that period, rupert murdoch and his son james seemed absolutely determined to stand by rebecca brooks, there are very few people in this company who are cler to rupert and th
, murdoch and brooks on tuesday? >> i can tell you today is not the end of the story, the resignation of rebecca brooks, and tuesday probably won't be either this is a story which will run for mons if not years with police investigations, judicial inquiries, lawsuits and any number of other threats still piling up against the compan but it's a significant day. i think over the last two weeks we've seen a series of attempts by rupert murdoch and his closest counselors to take the pressure...
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Jul 15, 2011
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also new apologies from media mogul rupert murdoch. he met with the family of a murdered teenager whose phone was hacked by his now defunct tabloid. there are fast-moving developments in this scandal. it's ungulfing his entire news empire. and as casey anthony prepares to get out of jail on sunday, will she shun the media spotlight or will she try to capitalize on her supposed fame? i'm wolf blitzer. you're in "the situation room." >> president obama back at the bully pulpit for the second time this week to make sure ameripay bill. he went before reporters to keep pushing raising the debt ceiling limit before the august 2 deadline. he seems to be softening his terms somewhat. let's go to the white house. our correspondent dan lothian has the very latest. >> he said it' time for law makers from both parties to make tough choices. he says he's been willing to put entitlement programs on the table, but even so, there's no deal tonight. and some republicans are saying it's time for the president to put his own plan on the table, not make a
also new apologies from media mogul rupert murdoch. he met with the family of a murdered teenager whose phone was hacked by his now defunct tabloid. there are fast-moving developments in this scandal. it's ungulfing his entire news empire. and as casey anthony prepares to get out of jail on sunday, will she shun the media spotlight or will she try to capitalize on her supposed fame? i'm wolf blitzer. you're in "the situation room." >> president obama back at the bully pulpit for...
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murdoch, what i mean is that he defended mr. murdoch. from the associated press, quote, rudy giuliani told new hampshire voters late thursday that the company's chief executive, rupert murdoch, is a very honorable, honest man. giuliani says he has confidence in rupert murdoch, a regular acquaintance, despite allegations that one of murdoch's companies may have tapped into the voicemail of 9/11 victims. rudy giuliani in fact is going to make another run for the presidency. on the platform, famously described by his rivals last time around as a noun, a verb, and 9/11, anything borne out under investigation about mr. giuliani's friend, mr. murdoch, hacking the cell phones of 9/11 victims, is going to be a hard one for him to spin on the campaign trail. that is going to be a big deal in tomorrow's news, i am guessing. the interview is next tonight. it is the great bill moyers. please stay tuned. ♪ we believe doing the right thing never goes unnoticed. liberty mutual insurance. responsibility. what's your policy? >>> last night on this show
murdoch, what i mean is that he defended mr. murdoch. from the associated press, quote, rudy giuliani told new hampshire voters late thursday that the company's chief executive, rupert murdoch, is a very honorable, honest man. giuliani says he has confidence in rupert murdoch, a regular acquaintance, despite allegations that one of murdoch's companies may have tapped into the voicemail of 9/11 victims. rudy giuliani in fact is going to make another run for the presidency. on the platform,...
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Jul 12, 2011
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the point is as of yesterday it's owner rupert murdoch himself 166 years old, shut it down in disgrace. >> jon: i actually don't think murdoch is -- >> again, that's not the point. >> jon: all right (laughter) >> the point is, do you know how hard it is to disgrace a british tabloid, jon? the news of the world are the people who hired a private dect tough learn if freddie mercury had hiv, it's true. also the people whose crusade against peta files led to a lynch mob attack. and attacks on the home of a pediatrician. >> jon: well, i could see how you could make that mistake, peta file, pediatrician. so wonderful, your tabloid reporters are scum bags. our real press, our legitimate press is talling down on the job. political coverage is atrocious. they weren't just covering the casey anthony trial. they funded it, look at this. >> the anthony family is paying for casey's defense. in part, her lawyer says, with money from licensing home videos and family photos to abc news and other media outlets. >> what we believe is a $200,000 payment that was made to her and her attorney by abc news w
the point is as of yesterday it's owner rupert murdoch himself 166 years old, shut it down in disgrace. >> jon: i actually don't think murdoch is -- >> again, that's not the point. >> jon: all right (laughter) >> the point is, do you know how hard it is to disgrace a british tabloid, jon? the news of the world are the people who hired a private dect tough learn if freddie mercury had hiv, it's true. also the people whose crusade against peta files led to a lynch mob...
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Jul 18, 2011
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one, an apology directly from murdoch. the second, a list of what news corp will do to make it right and an admission. "apologizing for our mistakes and fixing them are only first steps," the statement reads. "it may take some time for us to rebuild trust." >> that was stephanie gorvsk reporting. we want to get a check on business before the bell i know back's melissa frances, who is live at the new york stock exchange today. melissa, let's get a sense of how news corp has been asked by this already. the stock slump continues despite last week's share buyback. so what does this mean for american holdings, for u.s. holdings? >> yeah, we're watching the stock get hammered again this morning. it was hammered over the weekend on all of this breaking news. and rupert murdoch issued a $5 billion stock buyback last week. this is something he hates. he absolutely hates parting with money, but he had no choice. and shareholders really liked the buyback. he's got more than $11 billion in cash on hand at the company. they generate ab
one, an apology directly from murdoch. the second, a list of what news corp will do to make it right and an admission. "apologizing for our mistakes and fixing them are only first steps," the statement reads. "it may take some time for us to rebuild trust." >> that was stephanie gorvsk reporting. we want to get a check on business before the bell i know back's melissa frances, who is live at the new york stock exchange today. melissa, let's get a sense of how news corp...
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Jul 14, 2011
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murdoch is a big backer of republicans. if more momentum builds for probes into possible hacking in the united states or even congressional hearings, there are cautionary tales for lawmakers, reports that tabloids sometimes turntables for those who investigate them. most of those accounts date back to well before the scandal blew back in the media in recent weeks. media standards trust tells us when british parliamentarians look into the tabloid press a couple of years ago, he heard allegations that they were discouraged from repeatedly inviting rebecca brooks, one of murdoch's top execs to receive. >> the allegation was they were told, members were told do not invite her again. do not press this one, do not push it because if you do, you're regret it. and that was made very clear to them. >> reporter: contacted by cnn, a news corporation spokeman would not comment on that allegation. >> are you concerned they might hit back at you, dig into your personal life or whatever? >> i'm not worried about my personal life nor am i
murdoch is a big backer of republicans. if more momentum builds for probes into possible hacking in the united states or even congressional hearings, there are cautionary tales for lawmakers, reports that tabloids sometimes turntables for those who investigate them. most of those accounts date back to well before the scandal blew back in the media in recent weeks. media standards trust tells us when british parliamentarians look into the tabloid press a couple of years ago, he heard allegations...
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Jul 11, 2011
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murdoch himself is now trying to contain this exploding scandal. we have in-depth coverage for you beginning now with the latest. what is the latest? >> reporter: well, the latest, wolf, is that former british prime minister gordon brown is just the latest big name added to a long list of phone-hacking victims, numbering as many as 4,000 by most accounts. this is a scandal that's rocked rupert murdoch's media empire and now includes alleged payments to police officers for information about well-known members of british society, including the royal family. the allegations of illegal hacking by news corporation journalists no go far beyond the now closed "news of the world." "the guardian" newspaper says britain's former prime minister gordon brown's phone and computer were harked by another company owned by rupert murdoch. some 9/11 victims in the united states may also have had their phones hacked, and the bbc reporter that a "news of the world" royal reporter had requisitioned cash to pay police guarding britain's royal family for the royals' priv
murdoch himself is now trying to contain this exploding scandal. we have in-depth coverage for you beginning now with the latest. what is the latest? >> reporter: well, the latest, wolf, is that former british prime minister gordon brown is just the latest big name added to a long list of phone-hacking victims, numbering as many as 4,000 by most accounts. this is a scandal that's rocked rupert murdoch's media empire and now includes alleged payments to police officers for information...
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Jul 7, 2011
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rupert murdoch surnd pressure from investors as well. companies like ford motor company have pulled some advertising from that paper. >>> let's get a check on business before the bell with simon hobbs. he's live at the new york stock exchange. simon, quite a story in great britain. >> it's phenomenal. absolutely phenomenal. the one thing i would add, just bear in mind because of the structure of british society, rupert murdoch's papers actually are said to win general elexsc n elections. prime minister after prime minister have kept themselves very close to rupert murdoch. blair would fly over to australia to turn up at his editors meetings. murdoch has gotten away with a lot more arguably in the uk because of that political reality, willie. it's really worth bearing that in mind. burdock is everybody's friend there, despite what they say in public. >> i guess the share prices of news corp went down 3.5% yesterday on this news. >> although they were very powerful and still are very powerful, it's still a small profit center. the fox busi
rupert murdoch surnd pressure from investors as well. companies like ford motor company have pulled some advertising from that paper. >>> let's get a check on business before the bell with simon hobbs. he's live at the new york stock exchange. simon, quite a story in great britain. >> it's phenomenal. absolutely phenomenal. the one thing i would add, just bear in mind because of the structure of british society, rupert murdoch's papers actually are said to win general elexsc n...
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Jul 10, 2011
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owner rupert murdoch arrived in london today in a bid to limit damage to the rest of his media empire. >>> and the shuttle "atlantis" arrives at the international space station one last time a short time ago. the astronauts were welcomed aboard by the station's current crew. they have brought along a year's worth of supplies, and it's going to take them about a week to unload all of it. >>> join me for more news at the top of the hour. back to "fareed zakaria: gps" in a moment. >> okay. put your thinking caps on far moment. which continent has six of the world's ten fastest growing economies? which continent is projected to have the world's third largest city by population in just a few years? which continue nen has the world's newest nation? if you picked asia, that's wrong. one more question might help you get the answer. which continent has seven of the top ten failed states in the world? the continent, of course, is africa. that's what i want to talk to my two terrific guests about. nicholas kristof and peter godwin, african-born author and reporter. both are just back from africa
owner rupert murdoch arrived in london today in a bid to limit damage to the rest of his media empire. >>> and the shuttle "atlantis" arrives at the international space station one last time a short time ago. the astronauts were welcomed aboard by the station's current crew. they have brought along a year's worth of supplies, and it's going to take them about a week to unload all of it. >>> join me for more news at the top of the hour. back to "fareed zakaria:...